HIPINE (02583) has issued an announcement that the board of directors was notified by Mr. Li Linmao, a controlling shareholder of the company, that on October 14, 2026, Mr. Li Linmao sold a total of 100,000 issued shares of the company through on-exchange transactions on the Stock Exchange trading platform at an average price of HK$45.63 per share, representing approximately 0.17% of the company's total issued shares as of the date of this announcement.
As of the date of this announcement, the company's total issued shares consisted of 58,825,000 H shares. Immediately following the disposal: the number of shares held by Mr. Li Linmao decreased from 6,600,000 H shares (representing approximately 11.22% of the company's total issued shares) to 6,500,000 H shares (representing approximately 11.05% of the company's total issued shares); and Mr. Li Yongzhong, Mr. Hu Shaohua, Mr. Li Shuo and Mr. Li Linmao, as controlling shareholders of the company and pursuant to the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), are deemed to have interests in shares held by other persons under the concert party agreement, and the aggregate interest held by Mr. Li Yongzhong, Mr. Hu Shaohua, Mr. Li Shuo and Mr. Li Linmao decreased from 29,700,800 H shares (representing approximately 50.49% of the company's total issued shares) to 29,600,800 H shares (representing approximately 50.32% of the company's total issued shares). They remain controlling shareholders of the company.
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